Analysts have been eager to weigh in on the Materials sector with new ratings on Reliance Steel (RS – Research Report), BHP Group Ltd (BHPLF – Research Report) and Vulcan Materials (VMC – Research Report).
Reliance Steel (RS)
In a report released today, Lawson Winder from Bank of America Securities reiterated a Hold rating on Reliance Steel, with a price target of $360.00. The company’s shares closed last Friday at $326.43, close to its 52-week high of $333.33.
According to TipRanks.com, Winder is ranked 0 out of 5 stars with an average return of
Reliance Steel has an analyst consensus of Moderate Buy, with a price target consensus of $359.00.
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BHP Group Ltd (BHPLF)
In a report released today, Richard Hatch from Berenberg Bank reiterated a Hold rating on BHP Group Ltd, with a price target of p2200.00. The company’s shares closed last Friday at $30.25.
According to TipRanks.com, Hatch is a 2-star analyst with an average return of
BHP Group Ltd has an analyst consensus of Hold, with a price target consensus of $33.16, a 12.8% upside from current levels. In a report issued on February 12, RBC Capital also maintained a Hold rating on the stock with a A$44.00 price target.
Vulcan Materials (VMC)
Bank of America Securities analyst Michael Feniger reiterated a Buy rating on Vulcan Materials today and set a price target of $285.00. The company’s shares closed last Friday at $255.15, close to its 52-week high of $260.81.
According to TipRanks.com, Feniger is a 5-star analyst with an average return of
The word on The Street in general, suggests a Strong Buy analyst consensus rating for Vulcan Materials with a $266.27 average price target, implying a 3.7% upside from current levels. In a report released yesterday, Truist Financial also maintained a Buy rating on the stock with a $300.00 price target.
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Read More on RS:
- Reliance, Inc. Announces Participation at the BMO Global Metals, Mining & Critical Minerals Conference
- Reliance, Inc. price target raised to $362 from $300 at KeyBanc
- Reliance Steel changes name to Reliance, Inc.
- Reliance Steel & Aluminum Rebrands as Reliance, Inc.
- Reliance, Inc. Reports Fourth Quarter and Full Year 2023 Financial Results and Unveils Corporate Rebranding
